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Topic: How to Think Profitably - a Trader’s Mindset (Read 824 times)

member
Activity: 490
Merit: 28
That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.
Yes, that is true. At least we follow their social media accounts, so we know what developments have been achieved.

As a trader we don't have to analyse much about potential level of a coin,we have to analyse the price chart and how it will be reacting in the recent future will be enough,because we are going to trade those coins much often so we can get the profits and change the coin if there is necessary due to the downfall on the pevious coin.
I know what you mean, the point is that we should not love one coin, it would be good to research coins that could develop in the future.
legendary
Activity: 1302
Merit: 1037
I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

That is great, and that is what we need to do related to the market situations. It's not a problem if we could take a very low profit, but if we can repeat the process over and over, I am sure that in one day, we can make much profit. Besides that, I am sure that you can improve your skills in trading so you can be able to make more profit in the future. I have the same experience as you, and I am fine with low profit because I am sure that in the end, we can collect much profit and you already prove it.
Using $500 to trade and earning about $25 is really not a bad deal mate, that is about making 150% of his capital every month. Which investment will give him this on a monthly basis man? I think he should just stick with it this way than to be a little bit greedy and aim for more profit, then lose all his investment.

No matter his skill, no one is perfect when it comes to trading which makes us vulnerable o mistakes. Just like you have advised, I think we should just be fine with low profit that is less risky than high profit that may make us lose out of everything.
hero member
Activity: 2912
Merit: 556
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I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading

That is great, and that is what we need to do related to the market situations. It's not a problem if we could take a very low profit, but if we can repeat the process over and over, I am sure that in one day, we can make much profit. Besides that, I am sure that you can improve your skills in trading so you can be able to make more profit in the future. I have the same experience as you, and I am fine with low profit because I am sure that in the end, we can collect much profit and you already prove it.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.


Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.

Of course we can all agree to a certain extent, that mindset helps people to get success. With a positive mindset you see opportunity, if you were negative you wouldn't have seen it. But something like trading isn't just about individual strengths and individual control. The market is a different entity, uncontrollable and you have very little ways to minimize your own risk, every trader is almost completely vulnerable to how the market moves, no matter positive or negative.

And that is something people need to realize 100% before they even think to enter trading.
member
Activity: 459
Merit: 10
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.
I have recorded my transactions and set profit targets but I cannot do it because I am greedy.
It was so bad, I had a lot of failures in the early days of trading. I did not care about the small amount I got from the transaction.
How to improve this bad habit? I really hate it.
sr. member
Activity: 910
Merit: 257
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.
hero member
Activity: 3052
Merit: 606
In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.
I believe it's all in the mindset. It may not be easy but with the right ideas and fundamental knowledge then it can be realized. Focus on profitability, profitable thinking does not only mean that you're effective and efficient, you have to be a true problem solvers. Complexity is the number 1 killer to successful trading. Trading should be simple in order to be profitable. You have to understand what you want to achieve, develop a trading strategy. Keep your emotions separate from trading.
Exactly.Learn to make profits through your own trading strategies and not from your own emotions.Having a winning mindset brings a lot of positive traits that will make you more profitable in trading.Knowledge,focus in trading and setting your goal profits in trading will guide you to end up trading profitably.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
I always set up a very low profit when placing selling orders. This brings me a decent profit everyday from $20 to $25 which is so good taking from $500. This indeed pushes me to learn more trading practically and multiple my invested amount.This is the way i grow my fund in trading
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.
I believe it's all in the mindset. It may not be easy but with the right ideas and fundamental knowledge then it can be realized. Focus on profitability, profitable thinking does not only mean that you're effective and efficient, you have to be a true problem solvers. Complexity is the number 1 killer to successful trading. Trading should be simple in order to be profitable. You have to understand what you want to achieve, develop a trading strategy. Keep your emotions separate from trading.
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.
yes you are right if you are thinking profitably then you need to be careful and more talented because in all the situation we can make the money using the trading strategy and techniques if you execute them properly then the profit is in your hand in every time that's why the mindset is need to be stable and comfort in all the situation.
sr. member
Activity: 777
Merit: 251
In the first the first place, you must set your goal here in crypto trading pal.
Like You should know what coins you are going to trade or buy, then know the flow of their
plan too, also find out how many community they have who supported their coins, and
last the volume in the market must have a high demand and high buyers most of the time.
These are some of the factors you need to consider for you to have a profitable things
in crypto trading.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.
That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.
As a trader we don't have to analyse much about potential level of a coin,we have to analyse the price chart and how it will be reacting in the recent future will be enough,because we are going to trade those coins much often so we can get the profits and change the coin if there is necessary due to the downfall on the pevious coin.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.
That is a nice set of rules a trader should have to follow after his investment. However there are certain things that need to be understood and the important are you investment decisions and your research about a particular coin. The coin you want to invest in and trade in. You need to be well versed about such coins and only then I think trading could be profitable.
member
Activity: 490
Merit: 28
Interesting information, the basis of everything is a mindset. What I get here is the core of the trader is that he is ready to lose, not always profitable.
I want to share a few tips for traders.
1. Professional traders always control themselves, not control the market.
2. Professional traders know that emotions are the main enemy of achieving success.
3. Professional traders do not intervene in the trading positions they have opened.
4. The way you think will determine your trading habits.
sr. member
Activity: 812
Merit: 251
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

Of course winning traders they get profit while losing traders didn't get any profit.
Most of the traders who get profit are the one who applied day trade were there is a high chance for them
to earn daily as long as they know the proper procedure in trading. In short, they are well knowledgeable in trading,
while losing traders are majority of them they are neglectful, lack of knowledge, and greedy.
But your statement can be a good guidelines for the other community here in the forum.
member
Activity: 73
Merit: 15
Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.

I definitely agree that learning about different strategies can often be useful. Learning how to evaluate different strategies is a useful trick, too.

If we have a positive mindset, will surely affect our trading course. Profits will depend on the market design, strategies we apply(as a trader) and a right choice of coins. Even though we want more profits (as it is in our mind) but it never be that easy and it needs us to work it well .
We know already how crypto market play's and it gonna be between us on how to make deal with it.

It's true that profits don't come easy at the start. In fact, it's never "easy" but with education and training it's definitely possible to be good at it. Ask a welder if they think welding is easy. They'll tell you that they just make it look easy!

I am not keeping any trading journal and I am very much interested on that. Been planning to download and try it. Since i want to track all my mistakes and my performance in trading.
Also, having a positive mindset in trading is a great help. But you don't have to be overly confident that you have a positive mindset, continue learning what you lack of strategies and styles.

Good luck starting your journaling journey! If you have any questions, don't hesitate to reach out.

Each person has different thought about this thing but I don't understand when people says about some a ways that should be done by everyone to make a profit but he he doesn't know that each strategy always different. For instance strategy A suitable for people A and strategy B just suitable for people B, that is as far as I know when I start trading. However, for the something that all peole have a same thing is learn from the experience. This is so important to be a trader, you will have profit consistent if you did evaluation on each trading that you made. Because all of day we see the same chart and also we use the same factor to make our predict true.

You're right that different traders have different strategies, even though they all look at the same markets. That said, some things like one's mindset and discipline make a big difference, regardless of what strategy they are applied to. Personal experience is a great teacher, but sometimes learning from other people's experiences can work too. This is really important in trading when mistakes can cost you real money.
full member
Activity: 1330
Merit: 147
Each person has different thought about this thing but I don't understand when people says about some a ways that should be done by everyone to make a profit but he he doesn't know that each strategy always different. For instance strategy A suitable for people A and strategy B just suitable for people B, that is as far as I know when I start trading. However, for the something that all peole have a same thing is learn from the experience. This is so important to be a trader, you will have profit consistent if you did evaluation on each trading that you made. Because all of day we see the same chart and also we use the same factor to make our predict true.
full member
Activity: 714
Merit: 114

Thinking profitably ?  I think its bad because its the same as being greedy  . a mindset of a real pro trader is not mainly compose of profit or cash but he thinks about being positive because he needs to be foccus no matter how much negativity sorrounds him  because if he has a positive mindset he can continue waiting and trading for a longer term , that leads him to become succesful  .
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Reading is very good and with many tips, the truth is that the mind of a trader or a market speculator has a lot to do with seeing trading not as the exit that will make you a millionaire at a time and in a magical way, but they see trading as if it were a business, that is, a business gives annual profits of almost up to 20% of the investment.

In trading you can do that 20% with just one move, what happens is that trading allows you to choose how much capital you can get 20% to represent the sum of many percentages approaching 20% ​​per year to be achieved with all the money invested, which, to the same as a physical business, it is required to have patience and wait for the good movements to enter the market and take a good position to see if the movement that we expect is executed.

Many traders are to see news, be aware of social rests, see youtubers, but there are others who only analyze the market, we stay completely away from the news, so that it does not interfere in any way with our analyzes, the only news that can change a market is to be a Fundamental.

I think a market speculator thinks that way and does not trust the news or the events that happen every day in any part of the world.
hero member
Activity: 1190
Merit: 500
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.
But you also have to be prepared with all the risks, getting ready for all the worst things that will happen, because that will prevent you from disappointment and panic, when tough times happen. Positive thinking is important, thinking you will profit is important also because of the form of self-confidence and positive emotions. but don't overconfidence dude, because it will only get you into bad things.
copper member
Activity: 1204
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Winner have got couple of things such as;

# Patience
# Updated knowledges about multiple projects
# Trading skill
# strong mind setup

In many cases losers have some of these things but the difference is that he can't apply all in a proper way.  Kiss
hero member
Activity: 1302
Merit: 540
It's a clear statement on how traders can manage this business with much higher confidence and much better chances, it's not an easy go richness scheme as it's composed of many factors to consider each time you make your entry positions, every traders have it's own way on how to escalate their trading business, you need to work with high analyzation skills and good judgement base from how you understand the market movements.

With good discipline within you, you are adding clear insight and good anticipations to what market can bring you.
sr. member
Activity: 1330
Merit: 326
Quote from: Mr_Akbar
The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

I am not keeping any trading journal and I am very much interested on that. Been planning to download and try it. Since i want to track all my mistakes and my performance in trading.
Also, having a positive mindset in trading is a great help. But you don't have to be overly confident that you have a positive mindset, continue learning what you lack of strategies and styles.
full member
Activity: 798
Merit: 109
https://bmy.guide
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.
hero member
Activity: 2828
Merit: 518
If we have a positive mindset, will surely affect our trading course. Profits will depend on the market design, strategies we apply(as a trader) and a right choice of coins. Even though we want more profits (as it is in our mind) but it never be that easy and it needs us to work it well .
We know already how crypto market play's and it gonna be between us on how to make deal with it.
sr. member
Activity: 403
Merit: 257
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? it’s not that winning traders formulate better trading strategies, it’s not that winning traders are smarter, it’s not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
sr. member
Activity: 2506
Merit: 368
I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.
And this is how people use to exchange information to each other to expand their knowledge about trading. It is more informative than reading those books with lots of chapters that are time-consuming. Always take note the important part of trading that you think might help you in the future and always remember that in case you need it.
full member
Activity: 546
Merit: 100
I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.

Anyhow, it is always necessary to read the people's thoughts about trading and strategies of this business. Even if you do not use them, you will find something very useful for you.
hero member
Activity: 949
Merit: 517
I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.
That's a more realistic approach, you don't just think positive of being profitable without doing an effort to make it happen.
With your love on what you are doing, you can grow more and succeed as a trader.
Our journey as a trader will always continue, we never stop learning especially in this very unpredictable market.
Every information matters as that is necessary for our analysis.
hero member
Activity: 784
Merit: 502
First we need to drink profitably then the the success will be going with good and positive direction and profitable traders are came along with the development of Bitcoin in a long period of time so the experience will make a person into a profitable person in trading
full member
Activity: 602
Merit: 111
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.
yes you are absolutely right the mindset of a profitable trader will definitely been different when comparing to the the struggling trader mostly they experience the people get successful in Crypto trading and people who are using the Bitcoin from a long period of time will definitely been profitable and successful.
member
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I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.

I would agree with much of that. Education and experience are both critically important for trading. Though, you can lean on the experience of others if you know where to find mentors and/or a supportive community. I would say though, that one doesn't need to spend enormous amounts of time trading or analyzing. I definitely spend a lot of time doing it, but that's because I'm passionate about it and my day trading strategy has me dipping in and out of coins in minutes/hours.
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I would say, complete study and hands on practice, would lead you to success in trading. Spend enormous time analyzing the market growth, updating oneself with current news on whats going on in the market and practicing trading investing decent amount into it. The more time you spend in upgrading / updating yourself with current market movement, the more success you will be.
legendary
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yes a good mindset will make your mood good too and when it is applied in every trade you do it will certainly bring a calm effect that will make you more confident to take every good decision in the end, this is very important because in our trade must make choices that at least must be fast so that we can make decisions at the right time
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To be positive in what you are doing is helpful because it creates a winning mindset and even if you are losing, that positive mindset will lead you to be calm and have expectation for the best to come later.
sr. member
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Yes traders must have winning mindset because that is the only key to become successful and to avoid doing mistakes. But unfortunately what i've noticed nowadays mostly traders only relying on other ppl suggestion and seems like they don't have their own plan or strategy because they always change mindset without specific theology .i hope everyone will read this so that they become interested to build their own winning mindset not forever relying on other ppl work or strategy which is you have no idea if its really reliable. Btw op that is very informative. Thanks for sharing.
legendary
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Where is my ring of blades...
the most important  thing in trading based on what I have seen so far is experience you can call it mindset, luck, plan, ... but in the end only experience matters. for example the mindset of being able to make decisions under different circumstances in the market requires the trader to have experienced similar situations so that he can know what is the best course of action based on actions he had made in the past both good ones and also those that were mistakes.
although it may sound hard but it is not really. it only takes time for a trader to gain that experience but they will only gain it if they are trying to gain experience which means analyzing their trading history, analyzing their mistakes and most important of all to watch the market and charts for hours.
legendary
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One thing many good traders recognize is that you do not always have to be trading; if you don’t feel comfortable with current market conditions and are unsure of what to do, simply don’t trade. Better to have money sitting on the sidelines waiting for a better entry than money being lost because you decided to open a trade at a bad time. I typically don’t trade in a bad mood either, as this can influence my decisions negatively and result in losses.
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If you really want to learn you should never stop no matter what hindrance is on your way, don't just look at how much money you have lost or how much you do have earned. It's not all about the money if you have the dedication to learn and to self-study, sooner or later all of your hard work will pay you off without even noticing you are the master of your own.

I believe interest is above all. To succeed in certain field and trading, you most be interested in that thing. It is the interest that will make you have the passion. You must like that thing and everything about it and that is why you won't running away if the going gets tougher. I mean when you keep getting loses, the interest will keep you going.
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When someone is more successive trader then he need to think out of the box,we can't get more profits by following others.A successful trader will put more effort to reach the goal but a losing trader don't have clear mindset of where we are heading.
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My experience of trading on various exchanges is about two years. Based on my experience, I can say that trading is 99% of psychology. It all depends on your will, control, strategy, psychology, system. For this reason, 90% of traders are draining their deposits and never become rich.
legendary
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What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps,

It is because the winner is smarter.  You cannot think of educating yourself and knows the flow of trades if you are not smart enough.

Quote
smart
/smärt/
adjective
1.
INFORMAL
having or showing a quick-witted intelligence.
"if he was that smart he would never have been tricked"
synonyms:   clever, bright, intelligent, sharp, sharp-witted, quick-witted, nimble-witted, shrewd, astute, acute, apt, able; More

In trading you need quick decision, and keen observation about the fundamentals and technical of tradings. And that falls  under the definition of being smart.  If both trader is smart, the smarter would win the trade meaning faster decision, wider knowledge,  and clever ideas.  Being smart is also equipping oneself with the right tool.  So basically it is because the one is smarter than the other why he won or profit in trading.
hero member
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The optimal trader's mindset is this:
1.Be ready to fail in the begining.Be ready to fail big.There's nothing wrong with that,failure is more important than success in the start of every jouney,because you learn from it,while if your are successful right from the start,you become arrogant.
2.Have good signals.
3.Be patient.
4.If the market crashes,don't panic sell.
The risk/reward analysis is important,but without proper knowledge,you could still fail.
hero member
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I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.
Yes that is right, it could let you have an insight into the things you miss. I personally feel that you can have immense profits in trading if you invest in the best project at the least cost. Normally in the bear market, when the economic activities fades away a bit, people start thinking that the market is dead or its era is over now but I think after the recovery starts and after the prices rise high, they invest only then which is not economically rational. Focus on cost minimization.
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Our mind set actually do affects the way we succeed in whatever we do and that is the reason why we should train ourselves to always have a positive mindset as a trader. Many traders lose money because of negative mindset and not only traders but every field of life.
Indeed, the truth is when your mindset is fix on positive things, nothing will cause the negative to come in, in the place of positivity. Many atimes, positive mindset help alot, and should be encourage between traders and investors. As a little trader i am, am always very careful of my mindset while doing trade or invest. To succeed in life one need to be more positive.
sr. member
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Yes, the kind of mindset you have is very important as a trader. But one other you will have to know is that those with that kind of mindset are the most hard working. You don't just get what you want by being positive or having the mindset that you're going to win without putting in work towards winning.

For anyone to have that kind of mindset they already knows what it takes to achieve what they want,  so they are also going to work hard towards that and they also need the skills that are necessary to accomplish it, that's the truth. I'd also like to say you have a Good post.
Hard work would really be needed yet positivity on the things you are doing wont really be just enough without putting any extra effort on it.
Trading wont really be that easy or shall we say profiting isnt just a thing that can be achieve directly.You will pass countless of mistakes and losses
and getting experience and learnings from it.Utilize these things overall and you will know that you are going in the right path.
sr. member
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Our mind set actually do affects the way we succeed in whatever we do and that is the reason why we should train ourselves to always have a positive mindset as a trader. Many traders lose money because of negative mindset and not only traders but every field of life.
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It's a good guide, mindset and discipline are two most important things in trading, most of the people losing money because of lacking disciple or giving up in the middle of the trade after losing money, trading need knowledge, experience, discipline and correct mindset, losing money in trading is a usual things, making the wrong speculation is the lesson that need to learn, but dont give up and afraid to try new things
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I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
A regular review of one's trading journal is definitely important. Having your trades evaluated by other traders can be beneficial, too.
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I also read that to keep a journal for the trader is a must. It clearly shows your results and serves as a great way to correct your mistakes.
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This Voodoo Crypto site you speak of I see you're trying to promote it, are you the owner? Will still check it out though.

It's a discord group. The link is on the OP profile.

OP has been promoting his group a few times across social media it seems. Found one exact same post in Reddit.
I think he has just suggested the readers here if they want to get more guidance on the topic, they should check Voodoo crypto which is not bad. He talks about these trading journals could be explored on the internet as well which is an option for those who do not want to go for the one he prefers. And yes it is like if someone is pointing you at the right direction or showing you the area that needs to be explored in order to become a good trader.
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Since we are experiencing a bearish market where profit is quite vague for all of us in trading, I got this mindset to find a trusted and reputable platform where I could earn extra profit with trading that will just gives us a small percentage of gain. That is why I came up trading on Darb Finance that enables me to profit extra with their trading incentives. You might question how? Their trading incentive is really great as they will reward every trader that made a trade( amount varies ) with their personalized Darb Token distributing 65% on trade maker and 35% on trade taker, So everyday darb is mining their own token adding financial backup on their trading platform. Plus their transaction fee is the lowest by far compare to other trading platform that trading will not make you worry about the fees. This is the mind set I built few months ago since we are experiencing a harsh market.
hero member
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Yes, the kind of mindset you have is very important as a trader. But one other you will have to know is that those with that kind of mindset are the most hard working. You don't just get what you want by being positive or having the mindset that you're going to win without putting in work towards winning.

For anyone to have that kind of mindset they already knows what it takes to achieve what they want,  so they are also going to work hard towards that and they also need the skills that are necessary to accomplish it, that's the truth. I'd also like to say you have a Good post.
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Lots of folks bringing up great points! Good conversation about how emotions must be managed for trading, including emotions about winning and losing trades.

A few that I'd like to comment on specifically:

As a partake trader myself I find it difficult to stay discipline to my plan but after reading your post I think I'll try it out, the keeping a record part maybe that'll remind me of staying discipline. Also the volatility of the market is a major contributor as I tend to adjust at every little change i notice in price movement. Since I started trading I never cashout at my initial target cashout price. Is either I cashout few price late or earlier.
Couple things to unpack here. First, good luck starting your journal! Let me know if you have any questions. Your next comment on adjusting your trade plan is an important one. With new information over time, it can make sense to tweak your profit targets. However, until you're absolutely sure that you're not being swayed by FOMO or FUD, you should keep your targets pretty solid. Over time with your journaling you will be able to recognize trends and patters in your own behavior that you can use to improve yourself.

And of course there are a lot of factors why they lose or why they won.
Most of us lose due to being ignorant,doesn't read the chart only listen to those TA and so called pro-traders.
You hit the nail on the head there. Most traders, especially (but not only) new traders, don't have the education, the training, or the tools to consistently profit from trading. Voodoo Crypto doesn't do signals, we teach you to trade for yourself.

I just want to say something quickly about this your preamble and it is to disagree that a winning trader is not smarter. I believe in being smarter equips you with what it takes to be a winner because it opens you up to other techniques, information and other supporting knowledge to be better which can also include luck.
That's a valid dissent, but I would ask you this question: is it that the "smarter trader" is better at understanding the other techniques, processing the information, and understanding supporting knowledge, or does the "smarter trader" just know where to find better techniques, more relevant information, and more valuable supporting knowledge?

Inside trading is rampant in crypto, small timers never stood a chance.  Those insider whales are the only people pulling in consistent profits that they can live off of.
There's sometimes shady behavior in the marketplace, but if you understand how that behavior works, what the "tells" are, and how to safely navigate the waters when it's happening, you can still swim with the whales as a little minnow and thrive.

When we talk about traders mindset, I think 50% (by assumption) of trader's mindset is to make profit but I think such mindset is tantamount to getting a trader to record more losses than gains because the emotions and impatient would always interference But expert traders, I mean the tested and trusted see trading as a game that they want to try and predict its outcome and so they have more than average understanding and applies the techniques, this could be the reason they win because they have subdued the always winning mindset.
Profit is the motivation to play the game, no doubt about that, but you're right that for many traders the game of probability and psychology is a lot of fun!

A couple meta questions too that I want to transparently address.

This Voodoo Crypto site you speak of I see you're trying to promote it, are you the owner? Will still check it out though.
I am a trading coach with Voodoo Crypto, so it is in my best interest to promote the service. However, my primary motivation for sharing this post and the ones that will follow is to provide value to new and experienced traders. Some may eventually look up Voodoo Crypto and be interested in what they offer, but most probably won't and that's okay too.

OP has been promoting his group a few times across social media it seems. Found one exact same post in Reddit.
Aye, I did post this on Reddit a few days ago. My intention is to continue making posts like this on both because while there is overlap between the audiences, many people only look at one or the other.
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When we talk about traders mindset, I think 50% (by assumption) of trader's mindset is to make profit but I think such mindset is tantamount to getting a trader to record more losses than gains because the emotions and impatient would always interference But expert traders, I mean the tested and trusted see trading as a game that they want to try and predict its outcome and so they have more than average understanding and applies the techniques, this could be the reason they win because they have subdued the always winning mindset.
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If you really want to learn you should never stop no matter what hindrance is on your way, don't just look at how much money you have lost or how much you do have earned. It's not all about the money if you have the dedication to learn and to self-study, sooner or later all of your hard work will pay you off without even noticing you are the master of your own.
You should never stop and learned from mistakes that you had experienced that it is shouldn't happen again. Traders mindset is always ready to accept either lose or win and study first before having a final decision. I saw OP that the post is well stated and that was clear to understand even if you are a newbie reader.
Learning other people idea on how to predict the market move will contribute you to improve your self in trading and the best thing you do is keep reading on this section there's someone like OP having an interesting topic on how to obtain profit in trading.
sr. member
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If you really want to learn you should never stop no matter what hindrance is on your way, don't just look at how much money you have lost or how much you do have earned. It's not all about the money if you have the dedication to learn and to self-study, sooner or later all of your hard work will pay you off without even noticing you are the master of your own.
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Actually winning and losing in trading is part of the risk we that before we enter this kind of investment. Lucier is additional bonus if they can get tradet percentage profits as trader.
I think traders always get lose is doesn't means is unlucky being a trader there was time trial will be end the secret is patience to get a lot of profits as traders.
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~~
Is either I cashout few price late or earlier. This Voodoo Crypto site you speak of I see you're trying to promote it, are you the owner? Will still check it out though.

Although am not a genius in the world of trade but have learnt some very few things that helped me on cash-out early, although doesn't work al the time. Chat reading on daily basis to get accustom with the current price of cryptocurrency matter alot during trade. Cash-out early or late are bound in trade, that's why many traders or so called expert also run at lost.

At OP is advertising his Discord group and i wish s/he a good luck.
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Inside trading is rampant in crypto, small timers never stood a chance.  Those insider whales are the only people pulling in consistent profits that they can live off of.
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Once a man, twice a child!
Reading nice articles like this without keeping a check on one's emotions amounts to nothing. In trading, emotion is the ruler/decider. At one point every trader has that to contend with. What one does with it determines how one's trades go. Emotion and patience go together in making any trader a better trader. To achieve this, it has to be practical on the field of trading with real money involved, not some demo trading or article reading.
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For me, it's also depend on what type of trading they are play with.
If they play ordinary stock trading, expert trader can earn more profit than new trader.
But in crypto trading where every coin are unpredictable, even experience crypto trader can guarantee that they can earn more than new trader !
sr. member
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From my learning a winning trader will be taking decision precisely according to the market move, because everytime the market will not be same as we expect. Upon this it isn't possible to sell at the targeted price as the market will change in any direction in no time. There is nothing as a bad trader, because a trader who doesn't have the proper knowledge will experience loss, other than few exceptions who succeed through luck. Whoever it is there is nothing as a good and bad trader.
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What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or

I just want to say something quickly about this your preamble and it is to disagree that a winning trader is not smarter. I believe in being smarter equips you with what it takes to be a winner because it opens you up to other techniques, information and other supporting knowledge to be better which can also include luck. Of course you will be regarded as a winner if your strategy keeps bringing you a positive outcome, that makes you a winner and not just a one time "lucky" winner  Grin
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This Voodoo Crypto site you speak of I see you're trying to promote it, are you the owner? Will still check it out though.

It's a discord group. The link is on the OP profile.

OP has been promoting his group a few times across social media it seems. Found one exact same post in Reddit.
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Wow. There is now a so called journal and I am still trading directly.

I guess the good part on what I do is there is not much emotions that comes in. I dont do bots. I monitor manually if I have some spare time.
I just need my smartphone for remembering my buy order or sell order so that I know if I am making profits in crypto currency and not with USD.
One problem that I see with most of the new traders. They are already converting it and not really making any profit by the number of satoshi or whatever coin you are trading.

That is also one factor to have a successful trading. Do not convert. Hoard more of that coins if you truly believe it might grow in the long run.
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Very informative & well written post. Keep an eye on my account when you see me recieve more than 1 merit PM me reminding me of my promise to merit this post that's if i forget.

Back to topic: As a partake trader myself I find it difficult to stay discipline to my plan but after reading your post I think I'll try it out, the keeping a record part maybe that'll remind me of staying discipline. Also the volatility of the market is a major contributor as I tend to adjust at every little change i notice in price movement. Since I started trading I never cashout at my initial target cashout price. Is either I cashout few price late or earlier. This Voodoo Crypto site you speak of I see you're trying to promote it, are you the owner? Will still check it out though.
legendary
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Traders should not just take losses badly, instead see it the other way because, if you are too busy thinking about what you have lost, you cannot put your mind on your next trade which could also affect it. Sometimes being too emotional in trading affects your trade. Do not stop learning and growing as a trader.

It is reasonable if traders especially the ones take losses badly as their main purpose of trading is to get profit but most of them do not have enough experience on how to deal with losses. When I was newbie in trading, I did feel so bad as well so I can say that it is a human nature to feel bad on losing but indeed it should be taken as a part of learning to be a better trader.
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It's informative and worth reading. If every trader would have this kind of mindset, I'm sure that disappointment has no place in crypto world anymore. Acceptance and dealing with the changes around us would be an advantage. We must take a risk and be ready to accept the consequences with a positive mind. Trading isn't always perfect but we could improve and learn through it.
Majority of the traders(crypto or non-crypto) don't really care about any of these things and only focus on 1 thing : Profit. This is why so many traders either give up trading or go into depression mode after suffering losses which they were never prepared to lose.

Trading is not for everyone basically. Only a minority benefit in a big way through trading short-term or long-term.
sr. member
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It's informative and worth reading. If every trader would have this kind of mindset, I'm sure that disappointment has no place in crypto world anymore. Acceptance and dealing with the changes around us would be an advantage. We must take a risk and be ready to accept the consequences with a positive mind. Trading isn't always perfect but we could improve and learn through it.
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That is a good guide for every people in here so we can change our mindset to better.
That will need the practice to set the mindset and that will difficult if we don't want to change from inside of ourselves.
There are many things that we should do before we can change our mindset. We need to have discipline, and we need to obey what we made so we can stick to the plan step by step, and we can slowly change the mindset from not good into a good mindset.
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It's a good thing to read. Well for me, everything in trading can be profitable, and I am not only talking about money. Even your losses can give you something to learn, experience to gain, it's a good lesson to make you a better trader.

Traders should not just take losses badly, instead see it the other way because, if you are too busy thinking about what you have lost, you cannot put your mind on your next trade which could also affect it. Sometimes being too emotional in trading affects your trade. Do not stop learning and growing as a trader.
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What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.
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